Tearsheet

Tiptree (TIPT)


Market Price (12/4/2025): $18.49 | Market Cap: $694.6 Mil
Sector: Financials | Industry: Life & Health Insurance

Tiptree (TIPT)


Market Price (12/4/2025): $18.49
Market Cap: $694.6 Mil
Sector: Financials
Industry: Life & Health Insurance

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 3.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.3%, FCF Yield is 26%
Weak multi-year price returns
2Y Excs Rtn is -47%, 3Y Excs Rtn is -28%
 
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -14%
  
2 Low stock price volatility
Vol 12M is 41%
  
3 Megatrend and thematic drivers
Megatrends include AI in Financial Services, and Fintech & Digital Payments. Themes include AI for Fraud Detection, and Specialty Insurance Platforms.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 3.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.3%, FCF Yield is 26%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -14%
2 Low stock price volatility
Vol 12M is 41%
3 Megatrend and thematic drivers
Megatrends include AI in Financial Services, and Fintech & Digital Payments. Themes include AI for Fraud Detection, and Specialty Insurance Platforms.
4 Weak multi-year price returns
2Y Excs Rtn is -47%, 3Y Excs Rtn is -28%

Valuation, Metrics & Events

TIPT Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Here are five key points explaining the approximate -20.3% stock movement for Tiptree (TIPT) between August 31, 2025, and December 4, 2025: 1. Shareholder opposition to the Fortegra merger deal. Investment firm Veradace Partners, holding a 5.1% stake in Tiptree, actively urged shareholders to vote against the proposed sale of its subsidiary, The Fortegra Group, to DB Insurance Co., Ltd., citing concerns that the transaction was undervalued, resulted from a rushed process, and benefited Tiptree management more than shareholders. This opposition likely contributed to market uncertainty and negative sentiment surrounding the deal.

2. Approval of the Fortegra merger despite opposition. On December 3, 2025, Tiptree shareholders approved the acquisition of The Fortegra Group, Inc. by DB Insurance Co., Ltd.. While the merger was approved, the significant shareholder opposition, particularly regarding the perceived undervaluation of Fortegra, may have continued to weigh on the stock, contributing to the broader decline observed in the period. InvestingPro data indicated an approximately 18% decline in Tiptree's stock price over the six months leading up to December 3, 2025.

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Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
TIPT Return-37%180%1%39%13%-10%154%
Peers Return-7%26%8%11%24%3%80%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
TIPT Win Rate33%67%50%50%42%40% 
Peers Win Rate42%55%45%48%52%60% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
TIPT Max Drawdown-45%-3%-28%-10%-18%-17% 
Peers Max Drawdown-44%-2%-10%-13%-3%-10% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: OSG, MFC, AFL, MET, PRU. See TIPT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique KeyEventTIPTS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-42.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven74.1%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven98 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-44.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven80.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven364 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-32.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven48.4%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven263 days120 days

Compare to OSG, MFC, AFL, MET, PRU


In The Past

Tiptree's stock fell -42.6% during the 2022 Inflation Shock from a high on 4/23/2021. A -42.6% loss requires a 74.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Tiptree (TIPT)

Better Bets than Tiptree (TIPT)

Trade Ideas

Select past ideas related to TIPT. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
WU_11212025_Dip_Buyer_FCFYield11212025WUWestern UnionDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
7.5%7.5%-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025COINCoinbase GlobalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
15.2%15.2%0.0%
PYPL_11142025_Dip_Buyer_FCFYield11142025PYPLPayPalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-2.5%-2.5%-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper11142025VVisaMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-0.1%-0.1%-2.7%
WD_11072025_Dip_Buyer_ValueBuy11072025WDWalker & DunlopDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-6.2%-6.2%-11.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
WU_11212025_Dip_Buyer_FCFYield11212025WUWestern UnionDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
7.5%7.5%-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025COINCoinbase GlobalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
15.2%15.2%0.0%
PYPL_11142025_Dip_Buyer_FCFYield11142025PYPLPayPalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-2.5%-2.5%-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper11142025VVisaMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-0.1%-0.1%-2.7%
WD_11072025_Dip_Buyer_ValueBuy11072025WDWalker & DunlopDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-6.2%-6.2%-11.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Tiptree

Peers to compare with:

Financials

TIPTOSGMFCAFLMETPRUMedian
NameTiptree Octave S.Manulife.Aflac MetLife Prudenti. 
Mkt Price18.628.8435.10109.0477.51109.5756.31
Mkt Cap0.7-60.057.851.538.951.5
Rev LTM2,05625047,46217,96270,76057,92632,712
Op Inc LTM-------
FCF LTM187-12728,6082,57314,6275,2743,924
FCF 3Y Avg157-123,4243,05713,5455,7814,419
CFO LTM193-12728,6082,57314,6275,2743,924
CFO 3Y Avg166-123,4243,05713,5455,7814,419

Growth & Margins

TIPTOSGMFCAFLMETPRUMedian
NameTiptree Octave S.Manulife.Aflac MetLife Prudenti. 
Rev Chg LTM3.2%143.9%10.0%3.0%0.2%-21.0%3.1%
Rev Chg 3Y Avg15.5%253.2%1.5%-3.5%1.3%1.9%1.7%
Rev Chg Q6.1%-4.9%21.7%57.9%-7.7%-8.2%0.6%
QoQ Delta Rev Chg LTM1.5%-1.3%6.1%10.8%-2.0%-2.7%0.1%
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM9.4%-51.0%60.3%14.3%20.7%9.1%11.9%
CFO/Rev 3Y Avg8.9%309.5%54.5%16.8%19.6%9.4%18.2%
FCF/Rev LTM9.1%-51.0%60.3%14.3%20.7%9.1%11.7%
FCF/Rev 3Y Avg8.4%309.5%54.5%16.8%19.6%9.4%18.2%

Valuation

TIPTOSGMFCAFLMETPRUMedian
NameTiptree Octave S.Manulife.Aflac MetLife Prudenti. 
Mkt Cap0.7-60.057.851.538.951.5
P/S0.4-1.23.30.80.60.8
P/EBIT3.6-6.111.29.2-7.6
P/E14.2-9.014.214.314.114.2
P/CFO3.7-1.923.03.77.03.7
Total Yield10.5%-17.0%9.0%9.8%12.3%10.5%
Dividend Yield3.4%-5.9%2.0%2.8%5.2%3.4%
FCF Yield 3Y Avg22.8%-51.2%5.7%25.3%15.0%22.8%
D/E0.8-0.20.10.40.60.4
Net D/E-0.1--0.2-1.1-1.7-1.3-1.1

Returns

TIPTOSGMFCAFLMETPRUMedian
NameTiptree Octave S.Manulife.Aflac MetLife Prudenti. 
1M Rtn2.1%-7.2%2.5%-2.1%6.1%2.5%
3M Rtn-19.2%-16.3%2.7%-3.1%3.3%2.7%
6M Rtn-15.5%-12.0%7.2%-0.2%8.3%7.2%
12M Rtn-16.7%-13.9%4.4%-7.0%-9.4%-7.0%
3Y Rtn39.9%-122.8%61.0%10.6%18.1%39.9%
1M Excs Rtn2.1%-7.3%2.5%-2.1%6.1%2.5%
3M Excs Rtn-25.3%-9.2%-4.4%-9.8%-3.3%-4.4%
6M Excs Rtn-30.2%--2.7%-7.5%-14.9%-6.4%-7.5%
12M Excs Rtn-29.9%-0.2%-15.8%-23.2%-24.5%-23.2%
3Y Excs Rtn-28.1%-58.3%-8.7%-60.5%-52.3%-28.1%

Financials

Segment Financials

Assets by Segment

$ Mil20242023202220212020
Insurance4,8363,7033,0022,4531,731
Mortgage160156201217155
Other12786385302297
Corporate1794112416
Total5,1394,0403,5992,9962,198


Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity282,856
Short Interest: % Change Since 103120251.9%
Average Daily Volume219,290
Days-to-Cover Short Interest1.29
Basic Shares Quantity37,565,019
Short % of Basic Shares0.8%

Returns Analyses

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251031202510-Q 9/30/2025
6302025730202510-Q 6/30/2025
3312025430202510-Q 3/31/2025
12312024303202510-K 12/31/2024
93020241030202410-Q 9/30/2024
6302024731202410-Q 6/30/2024
3312024501202410-Q 3/31/2024
12312023229202410-K 12/31/2023
93020231101202310-Q 9/30/2023
6302023802202310-Q 6/30/2023
3312023503202310-Q 3/31/2023
12312022308202310-K 12/31/2022
93020221102202210-Q 9/30/2022
6302022808202210-Q 6/30/2022
3312022505202210-Q 3/31/2022
12312021314202210-K 12/31/2021